The Former Ekiti State Governor, Ayodele Fayose has expressed his confidence that the removal of fuel subsidy by President Bola Ahmed Tinubu is the wisest decision for the collective good of Nigeria and its people.
The former Governor took to his social media platform on Wednesday to give his own opinion about the development, saying President promised to remove it during his campaign adding that Tinubu has never hide it.
Tinubu during his inaugural address to the Nation after sworn-in as Nigeria 16th President on May 29, 2023 commended the decision of the past administration in phasing out the petrol subsidy regime which he said favoured the rich more than the poor.
He said, subsidy can no longer justify its ever-increasing costs in the wake of drying resources, instead his administration will re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.
Fayose explained that the immediate past Government already removed fuel subsidy technically by not making provision for it in the 2023 budget while appealed to Nigerians to bear with the govt for now as the present hardship will ease out with time.
According to him, “Removing the fuel subsidy is the best thing to do and it has to be done once and for all. Unfortunately too, the subsidy regime had only been benefiting a few people in the oil industry and Nigeria must break this chains once and for all.
“No doubt, President Tinubu is not a magician who can manufacture money. He can only strategically reposition the country, using his experience and intellect, which he has started.
“Many govts have come and paid lip service to all these issues, it is time to sustain our country by taking decisions that may be seen as harsh, but can return the country back to the path of progress.
The NLC and all interested parties, especially ordinary Nigerians should realize that the last administration did more damage and the new govt can only be finding ways and means to stabilize the country.
Sadly, like typical Nigerians who are always desirous of taking advantage of every situation, the fuel marketers are only interested in making money for themselves and methinks the govt should come very hard on them this time.
“Anyone among them found to be hoarding fuel or selling at exorbitant rate should be dealt with”, the former Governor of Ekiti State said.